Is VEEV or WAT cheaper?

On trailing earnings, VEEV is cheaper: VEEV trades at a 28.44 P/E and WAT at 45.18.

Which has grown faster, VEEV or WAT?

Over the past five years, VEEV grew revenue faster — VEEV at a 16.28% CAGR versus WAT at 8.48%.

Is VEEV or WAT more profitable?

VEEV runs the higher net margin — VEEV at 28.37% versus WAT at 11.91%.

Which has been the better investment, VEEV or WAT?

Over the past 10-year, VEEV delivered the higher annualized total return — VEEV at 16.69% versus WAT at 9.92%. Past performance doesn't predict future results.

Veeva Systems Inc. (VEEV) vs Waters Corporation (WAT)

VEEV leads on 12 of 16 compared metrics.

A side-by-side comparison of Veeva Systems Inc. and Waters Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — VEEV vs WAT

growth of $100 · last 13y

VEEV +283.5%WAT +234.3%VEEV compounded faster

VEEV WAT

VEEV vs WAT: by the numbers

•VEEV is the larger company ($25.92B vs $23.17B market cap).
•VEEV trades at the lower earnings multiple (28.44 vs 45.18 P/E).
•VEEV converts more revenue to profit (28.37% vs 11.91% net margin).
•VEEV grew revenue faster over the past five years (16.28% vs 8.48% CAGR).

Which is better, VEEV or WAT?

Metric tally: VEEV 12 · WAT 4

It depends on what you're optimizing for:

ValueVEEV(lower P/E)

GrowthVEEV(faster 5Y revenue CAGR)

QualityWAT(higher ROIC)

Valuation

Metric	VEEV	WAT
P/E ratio	28.44●	45.18
Forward P/E	15.91●	21.65
P/S ratio	7.98	7.74●
P/B ratio	3.63	1.91●
PEG ratio	1.42●	75.62
EV / EBITDA	19.17●	37.11
FCF yield	1.96%●	0.90%

Profitability

Metric	VEEV	WAT
Gross margin	74.95%●	55.02%
Operating margin	28.79%●	17.08%
Net margin	28.37%●	11.91%
ROE	12.89%●	2.94%
ROIC	9.48%	17.57%●

Growth (annualized)

Metric	VEEV	WAT
Revenue CAGR (5Y)	16.28%●	8.48%
EPS CAGR (5Y)	17.11%●	5.16%
FCF CAGR (5Y)	-6.77%●	-17.63%
Total return CAGR (5Y)	-11.81%	1.10%●

Frequently asked

Which is better, VEEV or WAT?: It depends on your goal. value: VEEV (lower P/E); growth: VEEV (faster 5Y revenue CAGR); quality: WAT (higher ROIC). Across all compared metrics, VEEV leads 12 to 4.
Is VEEV or WAT cheaper?: On trailing earnings, VEEV is cheaper: VEEV trades at a 28.44 P/E and WAT at 45.18.
Which has grown faster, VEEV or WAT?: Over the past five years, VEEV grew revenue faster — VEEV at a 16.28% CAGR versus WAT at 8.48%.
Is VEEV or WAT more profitable?: VEEV runs the higher net margin — VEEV at 28.37% versus WAT at 11.91%.
Which has been the better investment, VEEV or WAT?: Over the past 10-year, VEEV delivered the higher annualized total return — VEEV at 16.69% versus WAT at 9.92%. Past performance doesn't predict future results.

Go deeper

Full VEEV analysis Full WAT analysis Interactive comparison tool

Dig into the metrics

Veeva Systems P/E ratio Waters P/E ratio Veeva Systems dividend yield Waters dividend yield Veeva Systems ROE Waters ROE Veeva Systems operating margin Waters operating margin Veeva Systems revenue growth Waters revenue growth Veeva Systems free cash flow Waters free cash flow

Veeva Systems & Waters appear in these rankings

Fastest Revenue Growth Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.